Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
European and Ukrainian leaders have launched an International Claims Commission in The Hague to seek compensation for damage caused by Russia’s war on Ukraine. The move, backed by European partners, targets losses worth hundreds of billions of dollars linked to Russian attacks and alleged war crimes
The move, endorsed by 35 countries, targets hundreds of billions of dollars in losses from Russian attacks and alleged war crimes.
Ukrainian President Volodymyr Zelenskyy attended the signing alongside Dutch Prime Minister Dick Schoof, European Union foreign policy chief Kaja Kallas, and foreign ministers from Moldova and other European partners. The one-day conference was co-hosted by the Netherlands and the Council of Europe.
“This war and Russia’s responsibility for it must become a clear example so that others learn not to choose aggression,” Zelenskyy said. “Every Russian war crime must have consequences for those who committed them. We expect that every mechanism, from the Register of Damage and Claims Commission to actual payments, will start working with strong international support so that people can truly feel that any kind of damage caused by the war can be compensated.”
The commission is tasked with reviewing reparation claims and determining amounts to be paid. It follows the creation of a Register of Damages about two years ago, which has already received over 80,000 claims from Ukraine.
Discussions on how damages will be financed are ongoing. EU countries have frozen hundreds of billions of euros of Russian assets, and these are being considered as a potential source for compensation, although no transfers have yet been legally authorised. Belgium, which hosts the international deposit organisation Euroclear holding most of the frozen assets, has expressed concerns about potential legal repercussions.
Dutch Foreign Minister David van Weel said the launch marked “a big step” towards accountability. “Without accountability, a conflict cannot be fully resolved. And part of that accountability is also paying damages that have been done,” he added.
The commission’s launch coincides with renewed U.S.-led diplomatic efforts to end the conflict. U.S. President Donald Trump said on Monday that an agreement to end the war was “closer than ever” following discussions with the leaders of Ukraine, France, Germany, the United Kingdom, and NATO.
The World Bank estimates that reconstruction costs in Ukraine from damage caused by Russia up to December 2024 totalled $524 billion, nearly three times Ukraine’s economic output that year. This figure does not include additional damage from attacks on utilities and critical infrastructure in 2025.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
U.S. President Donald Trump and UK Prime Minister Keir Starmer spoke by phone on Sunday as tensions between Washington and Westminster deepened over the conflict involving Iran. The call came less than a day after Trump criticised Britain’s response to U.S. strikes on Iranian targets.
Norwegian police are searching for a suspect after an explosion at the U.S. embassy in Oslo on 8 March caused minor damage but no injuries, in what authorities say may have been a deliberate attack linked to the Middle East crisis.
An explosion damaged a synagogue in the Belgian city of Liège early on Monday (9 March) in what authorities said was an antisemitic attack that caused damage but no injuries.
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reports.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of March, covering the latest developments you need to know.
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